НОВОСТИ

A 30 per cent tariff on U.S. imports of solar panels isn’t the best news, but it will not have a huge impact on UGE International’s (TSXV:UGE) ability to grow,” says Haywood analyst Pardeep Sangha. The new tariff was approved in response to findings by the US International Trade Commission (ITC) which concluded that domestic manufacturers were being negatively impacted by cheap imports, triggering a 30 per cent duty on imported solar cells and modules in the first year, followed by decreasing tariffs over ensuing years.

Sangha says UGE expected the worst, so this development is actually a welcome one, if not what one would call good news.